Riyadh Cement shareholders to vote on 7.5% dividend for H2 2022 on May 3

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Riyadh Cement Co.’s shareholders will convene an ordinary general meeting (OGM) on May 3 to vote on the board recommendation on the distribution of a 7.5% cash dividend, or SAR 0.75 per share, for the second half of 2022, according to a statement to Tadawul today, April 9.

 

Dividend Details (H2 2022)

Current Capital

SAR 1.20 bln

Number of Shares

120 mln

Total Dividend

SAR 90 mln

Percentage of Capital

7.5% (SAR 0.75 a share)

Record Date

May 3, 2023 (Shareholders registered with Edaa on the second trading day after the record date.

Date of Payment

To be announced

 

Dividend Details (2022)

Total Dividend

SAR 180 mln

Percentage of Capital

15% (SAR 1.5 a share)

 

During the OGM, shareholders will also decide on authorizing the board to distribute interim profits on a semi-annual or quarterly basis for 2023, the statement added.

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